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INS: Research-development expenditure accounts for 0.50 pct of GDP in 2017

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The research-development expenditure accounted for 0.50 per cent of the GDP last year, the private sector contributing 0.29 per cent and the public sector 0.21 per cent, according to data released on Friday by the of Statistics (INS).

In 2017, Romania spent 4.317 billion lei for the research-development activity.

In the end of last year, 44,801 people were hired in the research-development sector, slightly more than in the end of 2016.

In 2017, there were 4.317 billion lei spent for research-development, 3.924 of which represented current expenses, 90.9…

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